Debt Activity Totals Rs 249.62 Crore

NSE REPORT

The wholesale debt market at the National Stock Exchange (NSE) saw deals worth Rs 249.62 crore being struck yesterday. The call rates opened lower in the band of 7.75 per cent to 8 per cent. Most of the deals were in the range of 7.5 per cent to 7.75 per cent.

The rates closed later at a higher figure of 8 per cent. The securities market was active in the morning when the overnight interest rates came down marginally.

In general, the sentiment that the call rates will stabilise and could soften has fuelled the activity in the gilts market.

The recently auctioned 12.69 per cent 2002 central government paper was traded for Rs 94.87 crore at 12.63 per cent.

The T-bills segment witnessed activity of Rs 70 crore and there was interest in 364-day bills maturing in April 1997 for Rs 35 crore at 9.35 per cent.

The corporate debentures segment saw trading to the tune of Rs 10.88 crore. The most actively traded corporate paper was the 14 per cent Reliance PPD 2000.

This paper was dealt for Rs 10.45 crore at a yield of 14.27 per cent. Among other non-government paper that got traded were the zero per cent Reliance Petro 2001 and the IDBI Deep Discount Bond 2021.